Idaho Appeals Board Decides to Reduce Bonneville County’s Property Tax Valuation

The Idaho Board of Tax Appeals (BTA) Feb. 15 decided to modify the Bonneville County Board of Equalization’s decision, and to reduce the property tax valuation at issue. Taxpayer argued that the reappraisal consideration was erroneous and overvalued the subject property for assessment purposes. Taxpayer contended that the property was unique, only accessible from a long access road, and that the improvement cost associated with moving certain outbuildings was more than the price of new buildings. The county relied solely on the cost approach, estimating and depreciating each outbuilding’s replacement cost. Taxpayer challenged the subject property’s 2018 assessed value and ...